276-286 Island Avenue
Long Island, ME 04050
$2,200,000
Price
13
Beds
8
Baths
5
1/2 Baths
9,200 Sq. Ft.
$239 / Sq. Ft.
9,200
Sq. Ft.
$239
per Sq. Ft.
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Virtual Tour
Description
Stunning. Iconic. Breathtaking. All words that can't fully describe this one-of-a-kind island property! This is your opportunity to invest in a way of life envied by most. Boldly located on beautiful Long Island at Ponce Landing and easily accessible from Portland via the ferry, this waterfront property offers expansive ocean views from nearly every window. Just a short walk from the ferry, the building make-up is 5 residential units and a post office. The well-appointed residential units can be...Stunning. Iconic. Breathtaking. All words that can't fully describe this one-of-a-kind island property! This is your opportunity to invest in a way of life envied by most. Boldly located on beautiful Long Island at Ponce Landing and easily accessible from Portland via the ferry, this waterfront property offers expansive ocean views from nearly every window. Just a short walk from the ferry, the building make-up is 5 residential units and a post office. The well-appointed residential units can be rented long term or short term. There are 3 three-bedroom 2.5 bath townhouse style units with 2 private decks each, overlooking the water. There is 1 one-bedroom 1.5 bath two-level unit with a private deck and 1 3-bedroom 1 bath one level unit with a fantastic oversized private deck. All units have a washer/dryer, fully applianced kitchens and those inspirational westerly ocean views! Included is 145' of owned water frontage and your own deep-water dock. There is also the tremendous opportunity to easily convert to condominium units as the current owner has completed the needed documents. This is a great opportunity for an owner-occupied investor or anyone eager to experience the unique lifestyle among the calendar islands of Caso Bay!
- Listed by Edmund Gardner III • Gardner Real Estate Group
Property Details for 276-286 Island Avenue
Waterfront
Yes
Waterfront FeaturesBay, Ocean
ArchitecturalStyleMulti-Level, Other Style, Row-End, Row-Inside, Townhouse
GarageNo
ZoningIB
ViewScenic
Subdivision NamePonce Landing
LISTING UPDATED: 12/06/2024 02:46 PM
Property Details for 276-286 Island Avenue
| Status | Active |
|---|---|
| MLS # | 1592434 |
| Days on Market | 203 |
| Taxes | $16,644 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 2010 |
| Lot Size | 0.31 AC / 13,503 SF |
| County | Cumberland County |
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Building Information for 276-286 Island Avenue
Stories-Residences6Year Built2010Building Size-Lot Size0.31 AC / 13,503 SF
Property Information for 276-286 Island Avenue
Summary
Location and General Information
- Road Surface Type: Paved
- Water Body Name: Casco Bay
- Directions: Casco Bay Ferry Lines to Long Island. Walk right onto Wharf St to Island Ave. to the property
- Town: Long Island
- State/Province: ME
- Zip Code: 04050
- County: Cumberland
- Geo Latitude: 43.68922
- Geo Longitude: -70.167975
- Tax Lot: 202
- Site:Corner Lot: Yes
- Site:Open: Yes
- Site:Rolling/Sloping: Yes
- Location:Business District: Yes
- Location:Near Public Beach: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Transportation:Deep Water Access: Yes
- Transportation:Public Transport Access: Yes
- Water Info:Waterfront Amount +: 145.00
- Water Info:Water Frontage Owned: 145.00
- Water Info:Water Frontage Shared: .00
- Source of Water Frontage:Other: Yes
- Source of Water Frontage:Waterfront Other Source: Prior Listing
- Recreational Water:Dock: Yes
- Recreational Water:Oceanfront: Yes
- Recreational Water:Waterfront Deep: Yes
Parking
- Parking Features: 1 - 4 Spaces, Other
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 35367
- Tax Map Number: 1
- Tax Year: 2023
- Parcel Number: LISL-000202-000000-000202
- Location Information:Association Y/N: No
- Tax Annual Amount: $16,644.00
Virtual Tour
- Virtual Tour URLUnbranded: https://www.propertypanorama.com/instaview/mreis/1592434
Property
Green Features
- Energy Efficiency:Double Pane Windows: Yes
Heating and Cooling
- Water Heater:Electric: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 9200.0
- Lot Size Acres: 0.31
- Source of Acreage: Seller
- Building Area Total: 9200.0
- Lot Size Area: 0.31
- Lot Size Units: Acres
- Lot Size Square Feet: 13503.6
- Bathrooms Full: 8
- Bathrooms Half: 5
- Street Number: 276286
- Property Information:Surveyed: Unknown
- Property Information:Seasonal: No
- Property Information:Total Half Baths: 5.00
- Property Information:Color: Boothbay Gray
Parking
- Driveway:Other: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 2010
Utilities
- Electric: True
- Sewer: Yes
- Water Source: Other, Private
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Clapboard, Wood Frame
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Pitched, Shingle
- Patio and Porch Features:Deck: Yes
Interior Features
- Basement: Dirt Floor, Walk-Out Access, Other, Partial, Exterior Only, Unfinished
- Flooring: Wood, Tile
- Interior Features: Furniture Included, Bathtub, One-Floor Living, Other, Shower, Walk-In Closet(s), Storage, Primary Bedroom w/Bath
- Cooling: None
- Heating: Multi-Zones, Hot Water, Baseboard
- Foundation Details: Pillar/Post/Pier
- Laundry Features: Laundry - 1st Floor, Main Level
- Bathrooms Total (Integer): 13
- Bathrooms Total (Decimal): 10.50
- Bathrooms Total (Notational): 8.50
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $112,800.00
- Operating Expenses: $41,454.00
Multi-Family Information
- Number of Units: 6
- Building Info:# Heating Units: 1
- Building Info:# Water Heaters: 6
Unit 1
- Unit 1:Lease: Yes
- Unit 1:Level: First
- Unit 1:Security Deposit: Yes
- Unit 1:Monthly Rent: $1,600.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 5.00
- Unit 1:# of Bedrooms: 3.00
- Unit 1:Dedicated Electric Meter: Yes
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: Yes
- Unit 1:Electric: No
- Unit 1:Heat: No
- Unit 1:Range: Yes
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $1,200.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: 1.00
- Unit 2:# of Rooms: 3.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: Yes
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: Yes
- Unit 2:Electric: No
- Unit 2:Heat: No
- Unit 2:Range: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: Yes
- Unit 3:Level: First
- Unit 3:Security Deposit: Yes
- Unit 3:Monthly Rent: $1,700.00
- Unit 3:# Full Baths: 2.00
- Unit 3:# Half Baths: 1.00
- Unit 3:# of Rooms: 5.00
- Unit 3:# of Bedrooms: 3.00
- Unit 3:Dedicated Electric Meter: Yes
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: Yes
- Unit 3:Electric: No
- Unit 3:Heat: No
- Unit 3:Range: Yes
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: Yes
- Unit 4:Level: First
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $1,600.00
- Unit 4:# Full Baths: 2.00
- Unit 4:# Half Baths: 1.00
- Unit 4:# of Rooms: 5.00
- Unit 4:# of Bedrooms: 3.00
- Unit 4:Dedicated Electric Meter: Yes
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: Yes
- Unit 4:Electric: No
- Unit 4:Heat: No
- Unit 4:Range: Yes
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit 5
- Unit 5:Lease: No
- Unit 5:Level: First
- Unit 5:Security Deposit: No
- Unit 5:Monthly Rent: $1,800.00
- Unit 5:# Full Baths: 2.00
- Unit 5:# Half Baths: 1.00
- Unit 5:# of Rooms: 5.00
- Unit 5:# of Bedrooms: 3.00
- Unit 5:Dedicated Electric Meter: Yes
- Unit 5:Dedicated Gas Meter: No
- Unit 5:Dedicated Water Heater: Yes
- Unit 5:Electric: No
- Unit 5:Heat: No
- Unit 5:Range: Yes
- Unit 5:Refrigerator: Yes
- Unit 5:Sewer: Yes
- Unit 5:Water: Yes
Unit 6
- Unit 6:Lease: Yes
- Unit 6:Level: First
- Unit 6:Security Deposit: No
- Unit 6:Monthly Rent: $1,500.00
- Unit 6:# Full Baths: .00
- Unit 6:# Half Baths: 1.00
- Unit 6:# of Rooms: 3.00
- Unit 6:# of Bedrooms: .00
- Unit 6:Dedicated Electric Meter: Yes
- Unit 6:Dedicated Gas Meter: No
- Unit 6:Dedicated Water Heater: Yes
- Unit 6:Electric: No
- Unit 6:Heat: No
- Unit 6:Range: No
- Unit 6:Refrigerator: No
- Unit 6:Sewer: No
- Unit 6:Water: No
Unit Information
- Units:# of 1 BD Units: 2
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 4
- Units:# of 4+ BD Units: 0
Property History for 276-286 Island Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 276-286 Island Avenue
This home is within Long Island Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Long Island Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Gardner Real Estate Group
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
